Fear of Market Risk Ebbs Post-Crisis

"They're not running scared from the market," says one adviser

Many high-net-worth investors see recent stock declines as a buying opportunity thanks to lessons learned from the market implosion of 2008-2009.

The financial crisis left wealthy investors with a better understanding of risk and of the importance of liquidity, financial advisers say. In addition, wealthy clients who own small-business now have a more positive outlook on the economy and are willing to take on a bit more portfolio...